Asheville NC Multi-Family Homes

MLS Number 3509595

• MultiFamily Multi-Family
• Subdivision Biltmore Village
• Year Built 1931
• Square Feet 19364

Rare investment opportunity on 1.93 acres in the heart of Biltmore Village in Asheville! On the National Historic Register, this 11-unit luxury condo complex was converted from the historic Biltmore Hospital in 2005. Offered are the 8 remaining fully furnished 2 bedroom condo units zoned to allow short term vacation rental, a 30 space off-street parking lot, and the recorded DEVELOPMENT RIGHTS for an additional 15,448SF building (see PIN#9647-79-0174-R0001). Elevator.

Listed by Janet Whitworth of Premier Sotheby's Int'l Realty

MLS Number 3486318

• MultiFamily Multi-Family
• CoListAgent_MUI 28244913
• Year Built 1950
• Square Feet 6044

Multi-parcel attractively zoned investment or development opportunity located less than 5 miles from downtown Asheville, almost 3 miles from Weaverville and less than ½ mile from Exit 23 of 1-26. 11,000 cars a day. Elevated site allows for strong visibility on Weaverville Highway. Previously leased for residential rehab programs, also suitable for further conversion into apartments/multi-family use. This offering includes two separate buildings/ parcels that can be purchased separately or together. Zoned Community Shopping.

Listed by Marie Reed and Carla Barnard of Keller Williams Professionals

MLS Number 3502342

• MultiFamily Multi-Family
• Subdivision Arco Gardens
• Year Built 1995
• Square Feet 3792

Location, location! Incredibly convenient location in East Asheville near the bus line, easy access to interstates, and just 5 min from downtown Asheville. 2 side-by-side one level duplex buildings offering 4 nearly identical floor plan arrangements. Private on-site well reduces utility costs (city water also available, buyer to verify connection) . Many updates completed but with some TLC, it appears all rents could easily be increased. Each unit offers open concept living/dining rooms, large kitchen with closet laundry and 2 bedrooms/1 bath. Large circular paved driveway allows for ample on site parking. Most tenants prefer to stay, if possible. Don't miss out!

Listed by Troy Flack of Keller Williams Professionals

MLS Number 3506254

• MultiFamily Multi-Family
• Subdivision None
• Year Built 1927
• Square Feet 2244

Stellar investment. Two units on a large level lot in a super convenient location just south of Biltmore Village with a sneak route to the burgeoning Sweeten Creek and London Road areas full of food & brews. Both units have the same great floor plan with very large living rooms, spacious bedrooms, eat-in kitchens and their own laundries. These places live well with hardwood floors, natural gas heat, loads of natural daylight, nice porches, and two off-street parking spaces each. The lower unit enjoys a covered porch overlooking the level front yard. The upper unit has private rear access and uses the private back yard. This property has been a valuable and reliable rental investment for many years, currently managed by The Bayshore Company. Upper unit rents (thru Oct) below market value at $875. Lower unit recently marketed at $1,125 with serious interest, but kept vacant for showings. Tenants pay separate gas and electric. Owner pays water, sewer, trash & recycling (one bill).

Listed by Jody Whitehurst of Town and Mountain Realty

MLS Number 3506735

• MultiFamily Multi-Family
• Year Built 1970
• Square Feet 1652
• Lot Description Level, Sloping

Investor Alert - duplex with solid rental history in West Asheville area. Priced to update and still make significant ROI. Upper unit has two bedrooms and one bath. Lower unit has 1 bedroom, 1 flex room and 1 bath. Sits on large shaded lot with plenty of parking. Easy access to Leicester Hwy and Haywood Rd. Being sold 'As Is.'

Listed by Libby Mijanovich of Beverly-Hanks, Merrimon

MLS Number 3501809

• MultiFamily Multi-Family
• Subdivision None
• Year Built 1946
• Square Feet 1360

This property pays for itself. Live nearly mortgage free in 33 Campground Road, or keep the current long term tenant, stay in the luxury short term (33 1/2 Campground Road) when you want and rent it when you are not using it. So many options for this quiet property with abundant bird life. 1 mile to the Blue Ridge Parkway. 4 miles to downtown Asheville. 1 mile to the VA hospital. Room for a garden or for potential expansion on the .78 acres. Proven rental history. Long term rental has current tenant, short term rental is being sold turnkey, with everything you need for a luxury short term rental. See MLS #3498120.

Listed by Joel York of Raintree Realty and Constructi

MLS Number 3497443

• MultiFamily Multi-Family
• Subdivision Lenox Park
• Year Built 1923
• Square Feet 2837

Well maintained Arts and Crafts style house in Montford with 5 one-bedroom apartments. Live in one and rent out others or renovate to create a great single-family home. Less than ½ mile to downtown Asheville; it is a short walk to grocery stories, downtown businesses and restaurants, great schools, urban walking trails, UNCA, and Montford Ave. Lovely original features such as solid wood panel foyer, cedar shake siding, and beadboard add to the charm of this unique and rare to find property. There are lovely hardwood floors throughout living areas and vinyl flooring in kitchens and baths. A large backyard provides lots of off-street parking and space for relaxing outdoors amid beautiful mature landscaping. This house is a must-see! Long-term tenants have been there for several years and rents are under market value. Current leases are either month to month or will be by August. There is coin operated laundry on site. Landlord is responsible for most utilities.

Listed by Vanessa Byrd of Mosaic Community Lifestyle Rea

MLS Number 3496361

• MultiFamily Multi-Family
• Year Built 1925
• Square Feet 2468

Permitted for Short Term rentals - great income potential! Located on booming Haywood Road in popular West Asheville, Historic 2-story brick building that has been completely gutted and restored while retaining its charming details! Recent high-end renovation includes 2 new heat pumps and 2 electrical meters for each unit. 2 gracious livable units with loads of character. 2 Large stunning kitchens, Metal Roof, New Windows, new plumbing and High-end appliance package. Unit-101 is a 1BR/1BA with amazing view from its wraparound balcony. Unit-201 is a 2BR/1BA with incredible views from the kitchen and balcony. Offering includes additional PIN#9638-05-5686, a 0.38 acre level building lot zoned HR-3 for $1,380,00. Lot has great potential for Row Houses, mixed use or apartments. Plans for a restaurant with roof deck on additional lot convey with permits already in place with the City of Asheville. See brochure for details. Zoning allows for commercial, restaurant, or mixed-use.

Listed by Scott Carter of The Real Estate Center

MLS Number 3496508

• MultiFamily Multi-Family
• Year Built 1925
• Square Feet 2448

Permitted for Short Term rentals - great income potential! Located on booming Haywood Road in popular West Asheville, Historic 2-story brick building that has been completely gutted and restored while retaining its charming details! Recent high-end renovation includes 2 new heat pumps and 2 electrical meters for each unit. 2 gracious livable units with loads of character. 2 Large stunning kitchens, Metal Roof, New Windows, new plumbing and High-end appliance package. Unit-101 is a 1BR/1BA with amazing view from its wraparound balcony. Unit-201 is a 2BR/1BA with incredible views from the kitchen and balcony. Offering includes additional PIN#9638-05-5686, a 0.38 acre level building lot zoned HR-3 for $1,380,00. Lot has great potential for Row Houses, mixed use or apartments. Plans for a restaurant with roof deck on additional lot convey with permits already in place with the City of Asheville. See brochure for details. Zoning allows for commercial, restaurant, or mixed-use.

Listed by Scott Carter of The Real Estate Center

MLS Number 3385533

• MultiFamily Multi-Family
• Year Built 1905
• Square Feet 2301

Current use: Three unit vacation rental directly off of Haywood Rd. in West Asheville. Parking is currently graveled with 4 spaces and on street parking directly in front of the building. All units are newly remodeled and rented through Air BNB and VRBO. New roof and siding (siding covers asbestos shingles). High traffic area makes this suitable for vacation rental, retail, residential, medical and office.

Listed by Scott McDonald of Innovative Realty Concepts, LLC

MLS Number 3489677

• MultiFamily Multi-Family
• Subdivision Montford
• Year Built 1920
• Square Feet 3004

Great Montford contemporary taken down to the foundation and given a brand new life. This property boasts two residences under one roof. Please see attached floor plan. The main two-story residence has a beautiful, light-filled, open floor plan with master on the main & added living/work space and bedrooms on the second floor. Pristine hardwoods, granite counter tops & updated wood-like ceramic tile bring a relevant, sophisticated feel to the property. The fully finished basement apartment has separate entrance, utilities & parking from the main house with 2 bedrooms, laundry in full bathroom & great living area brightly accented by the 9-foot ceilings. Great long-term rental potential while living in the main house. Magnolia Park is across the street with Reed Creek Greenway & Montford Park walking distance away making this location convenient, walkable and close to downtown Asheville and its amenities.

Listed by Ashley Dotson of Preferred Properties

MLS Number 3491475

• MultiFamily Multi-Family
• Year Built 1977
• Square Feet 9999

Mobile Home Park on auto-pilot! 9-unit mobile home park in fantastic location. Near Bent Creek River Park, Blue Ridge Parkway, NC Arboretum and Asheville Outlets. Rents automatically drafted. Reliable handyman in place and happy to continue working with new owners. Over $60k NOI being offered at a 10.43% Cap Rate. Ability to raise the NOI to over $70k See also MLS # 3491464

Listed by Keith Prescott of George Morosani & Associates

MLS Number 3489655

• MultiFamily Multi-Family
• Subdivision Kenilworth Forest
• Year Built 1955
• Square Feet 2334

Location! Location! Location! A mix of new contemporary and the 50's ,newly upgraded,charm in this solidly built home on a beautiful lot overlooking Kenilworth Forest Park and beautiful mountain views . Wonderful, spacious deck suitable for relaxing or entertaining . Beautifully appointed ,Air BnB ,Fully Permitted (by the city of Asheville),could provide extra income. ( Call LA for income from last year) Or can be a mother in law apartment or monthly long term rental w/ private entrance. Great location close to shopping,dining and entertainment. Great walking area only one block up from the lake. Sense of privacy with no buildings in front of you, just the beauty of nature.New front steps and walkway for easy access to front door.Spacious rooms with a bonus room with gas fireplace. Lower level has 906 sf semi finished space awaiting your vision. Some furnishings are available for purchase if needed. Earnest money to be held by buyer's attorney. AHS Home Warranty . Motivated sellers.

Listed by Teri Sferlazza of Gateway Properties WNC

MLS Number 3486525

• MultiFamily Multi-Family
• Year Built 1978
• Square Feet 2250

Dreamy “Lawerence Trabor” duplex in the beautiful hills of N AVL. Just Imagine sitting on your private deck looking out toward GPI and gorgouse Town Mountain sipping your morning coffee thinking about all the magical things you're going to do with the day! Or take a walk in hills of N AVL w some of the best city winter views before you walk/bike/drive to dinner&shopping. Both units boast very comfortable layouts w todays modern conveniences. Concrete block separating the two units ensuring privacy! Both one level & both have covered parking & far apart decks ensuring you can keep your bliss to yourself. MOD side is a successful VR (not STR) with bookings throughout 2019. ROI in attachments. 2 bedroom with on suite baths. If you or someone you know is looking for a unique investment property designed by one of the great Modernist architects of our time (Lawerence Trabor) or perhaps you live in one side and rent the other then look no further. SO many possibilities!

Listed by Tom Metcalf of Keller Williams Professionals

MLS Number 3480780

• MultiFamily Multi-Family
• Subdivision Other
• Year Built 1931
• Square Feet 2010

INVESTOR ALERT. This newly renovated duplex in an up-and-coming North Asheville neighborhood has generated $2,500 per month for the past two years. Many possibilities - rent both units, live in one unit and rent the other or use as vacation rentals. This income producing property boasts new everything. All new plumbing, electrical and HVAC along with new floors, ceilings, doors, windows, baths, kitchens and top of the line appliances, Each level has open floor plan with 2 bedrooms, 1 bath, walk in closets, living room, dining area, washer and dryer, 2 water heaters and separate electric meters. Expansive private decks offer both units a place to relax and enjoy this private country setting under 10 minutes from downtown Asheville and minutes from Weaverville, Beaver Lake, UNCA and shopping. All of this plus an Asheville address with county taxes, makes this unique property a must see.

Listed by Kathleen Chieco of Century 21 Mtn Lifestyles N

MLS Number 3478611

• MultiFamily Multi-Family
• Subdivision None
• Year Built 1940
• Square Feet 3947

Great Investment Opportunity in prime location. Only minutes to South Asheville and less than 20 minutes to downtown. Consists of 2 homes on 2.6 acres. The main home has 3 bedrooms and 1.5 baths and has been updated with new heat pump, new water heater, new flooring, newer roof, and much more. Second home has 2 bedrooms and 2 baths with beautiful wood throughout, newer roof, new water heater, and large master loft suite. Both homes would make great rentals or you could live in one and rent the other. Also there is a basement area below the second home that is finished and may be able to convert it to a rental if you add a closet and small kitchen. The basement previously had a kitchen but was converted to a laundry area. There are several creeks running throughout the property and a large green space for a garden or possibly farm animals. Listing includes separate PIN of 9656-90-9095. This property is also listed as Single Family with MLS 3478609 and Commercial as MLS 3478614.

Listed by Brandon West of Mountain Oak Properties